After a huge fine for a huge amount of by mainland China, the PwC (PWC, Hong Kong, Hong Kong, Hong Kong), the financial fraud case, will continue to face the investigation of the Hong Kong regulatory authorities.
According to the Hong Kong Economic Daily, the Hong Kong Accounting and Finance Report Bureau (ACRC) issued a statement last Friday (September 13) stating that with the end of the Ministry of Finance's investigation of Evergrande Real Estate Audit work, "The CPIC's independent investigation on the synchronous investigation of the China Evergrande Group's audit on the Hong Kong Ronaldo Bureau will continue to conduct in an orderly manner.False data is cited in the distribution documents, suspected of fraudulent distribution.The Ministry of Finance and the Securities Regulatory Commission issued a penalty penalty for PwC China on Friday, a total of 441 million yuan (S $ 80.7 million), suspended the business for six months, and canceled the Guangzhou Branch.
Evergrande Group headquarters is located in mainland China, but because the stock is traded in Hong Kong, it is also regulated by Hong Kong.The Finance Bureau pointed out that Evergrande Real Estate is the main subsidiary of Evergrande in China. The latest announcement of the Ministry of Finance has laid an important milestone for the cross -border law enforcement operations related to Evergrande Group.
The Finance Bureau said that although the severity of this individual incident and its potential supervision on the group's nuclear divisions, Hong Kong's accounting major is still credible and fully provided high -quality to the capital market with high quality markets.The ability of vegetarian audit services.
Bloomberg News Monday (September 16) analyzed that if the Hong Kong regulatory agency punish PricewaterhouseCoopers, a fine of HK $ 10 million (about 1.66 million yuan) can be punished.
The report quoted Gao Pingyang, a professor at the Hong Kong University Business School, saying that the severe punishment of the mainland's officials will put pressure on the Hong Kong regulatory agency."China's regulatory agencies not only qualitative this matter into severe audit mistakes, but also to a certain extent to collusion with Evergrande."
